MultiversX (EGLD) Price Prediction

Deep Dive

1. Tokenomics Uncertainty (Bearish Impact)

Overview:
MultiversX proposed removing EGLD’s 31.4M supply cap in October 2025, introducing 9.47% annual inflation and burning 10% of fees. This breaks its original Bitcoin-like scarcity model, sparking concerns about dilution. Critics like Justin Bons argue high inflation could pressure validators to sell rewards (Coinspeaker).

What this means:
Increased sell pressure from validators and builders (90% of fees go to them) could outweigh burns, weakening price support. Historical precedent: EGLD fell 41% YoY post-proposal.

2. Exchange Dynamics (Mixed Impact)

Overview:
Binance added EGLD to Soft Staking (6.58% APR) on November 19, 2025, incentivizing holding. Conversely, Binance delisted EGLDUSD futures contracts on November 13, 2025, citing low demand (Coincu).

What this means:
Soft Staking may reduce liquid supply (49% already staked), but futures delisting could lower liquidity, amplifying volatility. Spot trading remains intact, limiting immediate downside.

3. Ecosystem Growth vs. Competition (Bullish Impact)

Overview:
MultiversX’s ecosystem has 9.12M accounts and 569M transactions. Partnerships like xMoney’s Visa/Mastercard integration and Dominos Cyprus adoption suggest utility. However, projects migrating to chains like Sui raise concerns (Yahoo Finance).

What this means:
Real-world use cases (e.g., payments, DeFi) could drive demand for EGLD as gas fees and staking rewards. Competition remains fierce, but MultiversX’s 14.1M staked EGLD signals strong community commitment.

Conclusion

EGLD’s price hinges on balancing inflationary risks with adoption milestones. The Supernova upgrade (92% complete) and governance participation (40% stake voted) could restore confidence if execution aligns with promises. Will validator incentives under new tokenomics spur usage or selling? Monitor fee burns vs. inflation and xPortal/xMoney user growth.